In my youth (50 years ago) i was working in a big Dutch bank in the NOSTRO and COSTRO accounts. Those accounts are between domestic banks and banks abroad. Money transfers between domestic bank (NOSTRO) and the bank abroad (COSTRO) is per telex and telephone. That SWIFT system with IBAN codes etc. is just about 30 years old, but before it was doing with telex and telephone, in code.
PLO official: Reports about Abbas' resignation from political life very premature (Haaretz)